Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
CFA Analysts Project 1.9% GDP Growth, 5.7% Budgetary Gap in 2024. Inflation Forecast to Average 5.73%, Leu to Reach 5.0179 Units/Euro in Next 12 Months
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units/euro in the next 12 months, while the inflation rat...
Meta Estate Trust Sees Net Profit Triple in Q1/2024 To RON2M
Real estate holding Meta Estate Trust, in the first quarter of 2024 registered net profit worth RON2 million, three times higher than the net result reported in the year-earlier period.
Primark Wants to Open Fourth Store in Romania in Vivo! Shopping Center of Cluj-Napoca
Irish retailer Primark, which opened its first Romania store in December 2022, plans to add its fourth store locally, in Vivo! shopping center of Cluj-Napoca.
Dutch Group Photon Energy Gets EUR15M from EBRD to Build Six Photovoltaic Parks in Romania
Photon Energy has signed a senior secured loan agreement worth up to EUR15 million with the European Bank for Reconstruction and Development (EBRD) that will finance the construction and com...
Transelectrica Q1/2024 Net Profit Up 29% To RON103M
Romania’s national power transmission company Transelectrica generated RON103 million net profit in the first quarter of 2024, up 29% from the year-earlier period, while operating revenues r...
Nuclearelectrica Ends Q1/2024 with RON1.2B Revenues, Down 43%, RON563M Net Profit, Down 26% from Q1/2023
State-run nuclear power producer Nuclearelectrica ended the first quarter of 2024 with RON1.2 billion revenues, down 43.1% from Q1/2023, while net profit shrank by 26.5% to RON563.2 million.
MedLife Reports RON647M Turnover for Q1/2024, Up 22% Vs Q1/2023, RON13M Net Profit, 55% Higher
Private healthcare provider MedLife ended the first quarter of 2024 with pro-forma consolidated turnover worth RON647 million, up 22% from the year-earlier period, while net profit rose by 5...
OMV Petrom Seals Green Energy Supply Agreement with Saint-Gobain Romania
OMV Petrom, the largest integrated energy producer in Southeast Europe, and France’s Saint-Gobain, which owns several plants in Romania mainly producing building materials, have signed an ag...
Aerostar Bacau Ends Q1/2024 with RON155M Turnover, Up 24% from Q1/2023, RON25M Net Profit
Aerostar Bacau, a company that repairs and retools military aircraft, reported RON155.3 million turnover for the first three months of 2024, from RON124.7 million in the same period of 2023,...
Law Firm Philip & Company Assists Medical Recovery Chain Centrokinetic, in Partnership with Agista, in Takeover of Majority Stake in Socrates Clinic
Law firm Filip & Company has assisted Centrokinetic network, specializing in orthopedy and medical recovery, aided in the deal by investment fund Agista as shareholder, in acquiring an almos...
Aquila Part Prod Ends Q1/2024 with RON624M Revenues, Up 11% Vs Q1.2023. Net Profit Drops 26% To RON19.6M
Aquila Part Prod Com, an entrepreneurial company providing distribution and logistic services for the consumer goods market, ended the first quarter of 2024 with 11% higher revenues than in...
TeraPlast Bistrita Ends Q1/2024 with RON177M Turnover, Up 20% YOY, Cuts Losses to RON2.5M
Building materials producer TeraPlast Bistrita, posted RON176.8 million turnover in the first quarter of 2024, up 20% from the year-earlier period, and narrowed losses to RON2.5 million, fro...